Gold Bug Profile: Thomas Kaplan

JP Buntinx
April 16, 2020

Over the years, plenty of individuals have been identified as gold bugs. Thomas Kaplan certainly fits the narrative, primarily because of the way he made gold during his early career. He is also well-known for something quotes when it comes to making money with precious metals.

Thomas Kaplan the Businessman

Gold aficionados will have heard the name Thomas Kaplan before. The American billionaire businessman and investor has made a name for himself by making smart financial decisions. For nearly three decades, Kaplan has been associated with various activities involving precious metals, as well as using those investments to his advantage. 

The first link with precious metals became apparent in 1993. At that time, Kaplan founded Apex Silver Mines, taking up the role of chairman and chief executive officer. 

The “lucky break” for this company came in the form of discovering the San Cristobal deposit in Bolivia. Today, that is widely considered to be the one of the largest silver and zinc producers in the world. At the end of 2004, Thomas Kaplan retired from Apex to embark on other exploration ventures.

One of Kaplan’s other companies invested in African Platinum Plc back in 2003. This allowed it to become one of the largest platinum producers in South Africa. Similar to his stint at Apex, Kaplan left the venture by selling his position at a time during which African Platinum Plc was acquired by Impala Platinum Limited. 

The streak doesn’t end there. In 2003, Kaplan founded Leor Exploration & Production LLC. Despite not being associated with precious metals, the company grew out to become the fastest-growing private held hydrocarbon exploration and production company in the US. Four years later, the company’s natural gas assets were sold for $2.55 billion.

Thomas Kaplan the Gold Bug

One could say that Kaplan’s venture into gold investing began in 2000. This is the time during which his first major investments in gold were recorded. At that time, one ounce of gold was valued at roughly $300, which is a very big difference compared to how the market looks today.

Fast forward a few years, and his main focus shifts to Electrum Group. Through the Electrum Ltd exploration arm, a diversified international portfolio of gold exploration is built in quick succession. Other entities Kaplan is involved in hold major interests in publicly traded companies within the gold industry.

It is worth noting that Electrum Group is a controlling shareholder of Sunshine Silver Mining & Refining Corporation. That entity controls the Sunshine Mine, which has carved out its own legacy among silver mines in the United States. 

On a more personal level, many attribute the significant increase in gold price since 2,000 to Thomas Kaplan as well. More precisely, experts credit him with correctly predicting that the market would grow by leaps and bounds. With the help of Bloomberg Businessweek, Kaplan “earned” himself the title of “Gold’s Evangelist”.

Thomas Kaplan Quotes

Every gold bug has his or her own set of quotes which tend to live a life of their own. Thomas Kaplan is no different in this regard, although none of his quotes have been out of the ordinary. In fact, they are quotes that most people will certainly agree with, assuming they can achieve the same level of success.

His most recent quote gets straight to the point:

“Gold is just a great way to make a lot of money.”

– Thomas Kaplan

Another interesting quote by Kaplan is the following:

“I’ve reached a point where I feel the only asset I have confidence in is gold.”

– Thomas Kaplan

Last but not least, there is this quote which is certainly applicable during the current coronavirus situation:

“If the world does well, gold will be fine. If the world doesn’t do well, gold will also do fine… but a lot of other things could collapse.”

– Thomas Kaplan

All of these opinions will – most likely – remain valid for quite some to come. Gold is seemingly on track to hit a new all-time high in the near future, further validating Thomas Kaplan’s decision to invest heavily in precious metals. 

Easily open your Swiss tax free gold vault in under 6 minutes

It’s Free to open a Swiss vaulting account, you can buy and sell gold directly to it instantly.

0 Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Gold Bug Profile: Richard Russell

Back in 1960, Russell was the first to recommend gold stocks as an investment option, an assessment that has certainly put a bigger spotlight on that particular industry.

Wealth Diversification is Crucial, Especially During the Novel Coronavirus Outbreak

Putting all of one’s eggs in the same basket during a time like this is virtually the same as throwing money out the window.

Welcome To The New Bar9 Rebranding

To all Bar9 customers, I'm proud to announce the rebranding of Bar nine and a whole new informative front end. As we move into 2020 Bar9's mission is to make it easier for anyone to move in and out of physical hard assets and become a little more bank independent. The...

Silver Bug Profile: Adam Hamilton

Most mining operations have very mixed – and primarily disappointing – results in Q1. That has not affected the price of silver in a negative manner.

Gold Bug Profile: Doug Casey

The name Doug Casey will ring a bell with financial buffs due to his 1979 book. Titled “Crisis Investing”, it quickly rose the ranks to become the number one The New York Times Non-Fiction Best Seller in 1980.

Silver Bug Profile: Rick Rule

When it comes to the silver market, Rick Rule hasn’t shied away from expressing his sentiment at certain times

Gold Bug Profile: Ned Naylor-Leyland

During an interview with Morningstar, Ned confirmed that he remains very bullish on gold for the foreseeable future. He even claimed that there is a good chance to see the gold price move higher, although Ned doesn’t offer potential price targets.

Gold Bug Profile: Judy Shelton

It is interesting to note that Judy Shelton may join the Federal Reserve Board of Governors in the near future. Assuming that will be the case, some very interesting things are bound to happen in the near future.

Unveiling the System Behind the IMF Lending $50 Billion to Member States Fighting the Coronavirus

Currently, it has yet to be determined which options will be explored by the different member states. There is no such thing as free money, not even during a coronavirus outbreak.

Gold Bug Profile: Alan Greenspan

There are many pathways in life which can influence the future of one’s existence. For Alan Greenspan, one pathway of particular influence is called Objectivism.

Gold and Silver Bounce Back as Stock Markets Continue to Struggle

Although the markets aren’t out of the woods yet, things are looking better. There is some positive momentum all around, for a change.

Where is the Best Place to Buy Gold Online?

As far back as Ancient Rome, prospectors would sit aside streams swilling water in pans with the hope of glimpsing the yellow metal. Even today, you can still get your hands on gold in this way, but buying online through a broker is your best bet for a secure, cheap...

Silver Bug Profile: Jeff Clark

Over the past decade and a half, Clark has put the majority of his focus on analyzing the precious metals mining industry. BIG GOLD by Casey Research, a world-renowned publication, has been one of his outlets.

CME Increases Margin for Silver Futures Contracts due to Expected “Larger-than-Normal Price Swings”

The recent margin changes by CME paint an interesting short-term future for silver. Raising the margin requirements seems to be a sign for shorters to not go against the grain right now.

Silver Bug Profile: Keith Neumeyer

Keith indicated that there would be a new bull market for all precious metals in the next few years. So far, 2020 has proven that sentiment correct, although $130 remains a lofty silver price target.

Gold Bug Profile: Eric Sprott

It is also worth noting that Eric Sprott sold his first company – known as Sprott Securities – back in 2011. Interestingly enough, the company was purchased by other staff members.

Gold Bug Profile: Crispin Odey

Over the years, the name Crispin Odey was often named in association with gold and other precious metals. Particularly during the coronavirus crisis, Odey expected the value of gold to move up again.

Gold Bug Profile: Ewan Downie

Since leading Premier Gold Mines Limited since 2006, the company has gone through major growth. Its stock is also trading publicly, further validating its approach to gold and silver.

Gold Bug Profile: Ben Davies

Ben Davies is the co-founder and CEO of Hinde Capital. Founding this company came after building up over a dozen years of experience in financial and commodity markets.

Where to Store Gold: Switzerland vs America

Savvy investors will already choose physical gold to avoid the counterparty risk of futures accounts, ETFs, and other forms of paper gold. But the jurisdiction of gold storage represents another, often overlooked counterparty risk.  When disaster strikes and the...

Translate Blog Post

Article Categories

Blog Stats

  • 112,976 hits

Follow the CEO on Twitter

%d bloggers like this: